The Ministry of Finance and the State Administration of Taxation recently issued the Announcement about Continuing Implementation of Preferential Policies on Vehicle Acquisition Tax, effective from July 1, 2019.
From January 1, 2018 to December 31, 2020, buyers of new energy vehicles will be exempted from vehicle acquisition tax; from July 1, 2018 to June 30, 2021, buyers of trailers will pay half of vehicle acquisition tax.